Ashley Ferriello, a Wealth and Fiduciary Advisor, comments on how lifestyle financial planning can support family values through educational funding. She outlines three key strategies – 529 plans, irrevocable grantor trusts, and direct tuition payments – all designed to help families invest in education in tax-efficient and flexible ways.
Key Highlights
- 529 Plans offer tax-free growth on contributions used for qualified education expenses.
- Irrevocable Grantor Trusts provide investment flexibility and broader use of funds.
- Direct Tuition Payments to institutions qualify for the unlimited educational gift tax exclusion.
